KCG Reports April Volumes, US Equity Metrics Slide

Thursday, 14/05/2015 | 13:50 GMT by Jeff Patterson
  • KCG's US volumes took a breather this past April, having orchestrated a small decline across a number of key areas.
KCG Reports April Volumes, US Equity Metrics Slide

KCG Holdings, Inc. (NYSE: KCG) has just reported its trading volumes for the month ending April 2015, according to a KCG statement.

Earlier this month, KCG Holdings, Inc. (NYSE: KCG) released its Q1 2015 metrics, which included consolidated earnings of $249.3 million, or $2.19 per diluted share. The big jump that catapulted revenues during Q1 at KCG was GAAP pre-tax income, having been reported at $406,128,000 in Q1 2015, vs. just $26,531,000 in Q4 2014.

KCG’s average daily US Equities market making came in at $29.5 billion traded during April 2015, virtually unchanged MoM from $29.8 billion in March 2015. Over a yearly timeframe, volumes rose 6.2% YoY from 27.8 billion in March 2014.

Moreover, total average daily shares traded at KCG were reported at 5.5 billion shares in April 2015, higher by 5.8% MoM from 5.19 billion shares in March 2015. Meanwhile, total average daily trades yielded 3.67 million trades per day in US equities during April 2015, edging lower by -3.2% MoM from 3.79 million trades in March 2015.

At the time of writing, KCG share prices were virtually unchanged on the news, settling at $13.38, down a marginal -0.01% during morning trading Thursday. KCG share prices are sitting just below a 52-week high of $13.75 earlier this month.

KCG Holdings, Inc. (NYSE: KCG) has just reported its trading volumes for the month ending April 2015, according to a KCG statement.

Earlier this month, KCG Holdings, Inc. (NYSE: KCG) released its Q1 2015 metrics, which included consolidated earnings of $249.3 million, or $2.19 per diluted share. The big jump that catapulted revenues during Q1 at KCG was GAAP pre-tax income, having been reported at $406,128,000 in Q1 2015, vs. just $26,531,000 in Q4 2014.

KCG’s average daily US Equities market making came in at $29.5 billion traded during April 2015, virtually unchanged MoM from $29.8 billion in March 2015. Over a yearly timeframe, volumes rose 6.2% YoY from 27.8 billion in March 2014.

Moreover, total average daily shares traded at KCG were reported at 5.5 billion shares in April 2015, higher by 5.8% MoM from 5.19 billion shares in March 2015. Meanwhile, total average daily trades yielded 3.67 million trades per day in US equities during April 2015, edging lower by -3.2% MoM from 3.79 million trades in March 2015.

At the time of writing, KCG share prices were virtually unchanged on the news, settling at $13.38, down a marginal -0.01% during morning trading Thursday. KCG share prices are sitting just below a 52-week high of $13.75 earlier this month.

About the Author: Jeff Patterson
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